Bitquery checked the books of Solana-chain DEX trading over the past thirty days. Among the $201.4 billion in trades that could be valued, 58.4% came from wash trading—buying and selling the same coin in the same pool within the same transaction. That totals $117.7 billion. The remaining forty percent’s quality hasn’t even been calculated yet.
The top of the losers’ list is all made up of coins that have surged hard over the past two days. AKE put a big burst up—four times the volume on an hourly candle—just a few hours ago, pushing the price to the top. Then, over the next six hours, it slid back candle by candle. Now it’s down 26% and in first place, with SAGA, NOM, NIL, and LSK lining up to follow. Pump first, dump right after—like an assembly line.
Two macro items hit the same day. The IMF said this year’s private-sector AI investment will exceed $2 trillion, and that it’s becoming increasingly propped up by debt; once returns fall short of expectations, there will be a sharp repricing. Morgan Stanley revised its expectations for the Bank of England—rate hikes in November and February, one each. On one side, AI is burning cash; on the other, central banks are tightening the screws.
Gold hasn’t moved, but institutions have started using gold for carry trades. Metalayer’s new fund goes long GLDY, while also opening gold perpetual short positions to hedge—only taking a 3.5% annualized return. No directional bets, just earning the interest-rate spread. This approach is more steady than chasing hot moves.
$SOL $AKE
The top of the losers’ list is all made up of coins that have surged hard over the past two days. AKE put a big burst up—four times the volume on an hourly candle—just a few hours ago, pushing the price to the top. Then, over the next six hours, it slid back candle by candle. Now it’s down 26% and in first place, with SAGA, NOM, NIL, and LSK lining up to follow. Pump first, dump right after—like an assembly line.
Two macro items hit the same day. The IMF said this year’s private-sector AI investment will exceed $2 trillion, and that it’s becoming increasingly propped up by debt; once returns fall short of expectations, there will be a sharp repricing. Morgan Stanley revised its expectations for the Bank of England—rate hikes in November and February, one each. On one side, AI is burning cash; on the other, central banks are tightening the screws.
Gold hasn’t moved, but institutions have started using gold for carry trades. Metalayer’s new fund goes long GLDY, while also opening gold perpetual short positions to hedge—only taking a 3.5% annualized return. No directional bets, just earning the interest-rate spread. This approach is more steady than chasing hot moves.
$SOL $AKE